Yongnam Holdings Limited (SG:AXB) has released an update.
Yongnam Holdings Limited has requested an extension from the Singapore Exchange Securities Trading Limited (SGX-ST) to delay the announcement of their FY2023 financial statements. The company cites severe cash flow problems, limited resources, and the loss of key personnel, including the Group Financial Controller, as reasons for the delay. The company’s focus is currently on navigating through judicial management and securing potential investors, making the preparation of the financial results a secondary concern.
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